Friday, May 20, 2022

No Need to Rewrite Rules for DLT, says top UK Finance Watchdog

A top UK finance watchdog said today that it has no immediate plans to alter its regulatory approach in light of blockchain adoption.

By way of a new discussion paper, the Financial Conduct Authority (FCA) is seeking comments from industry stakeholders and observers in order to “explore where the balance of risk and opportunities may lie in relation to [distributed ledger technology]”.

The agency – which operates a so-called regulatory “sandbox” that includes a number of companies working with the tech – said in the paper, “At this stage we do not see a clear need to consider changes to our regulatory framework for DLT solutions to be implemented. Instead we want to explore emerging business models, and how their potential risks and opportunities operate in the context of our regulatory framework.”


The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply